The Indian government is determined to rev up the SME sector to achieve inclusive growth and self-reliance, as it contributes roughly 30 percent of India’s GDP, employs around 110 million people, accounts for nearly 40 percent of total exports, and more than half of them are based in rural...
Funding Societies is buying over regional payments solution, CardUp, for an undisclosed amount, subject to regulatory approvals. It has proposed to acquire CardUp’s payments capabilities such as card payments to non-card accepting recipients (domestic and cross-border), online payments acceptance, invoice automation tools as well as its licenses and integrations...
Malaysia’s success in alleviating financial crime and combating terrorism financing requires all parties – the private sector, regulators, law enforcement agencies and other government bodies, and consumers alike, to do their part; to adapt to these new threats, to transform themselves to deal with these challenges, and to collaborate...
DBS and Xero, a worldwide small business platform, are collaborating to make it easier for SMEs in Singapore and Hong Kong to apply for loans and access working capital. Customers of Xero will be able to share transactions from Xero's platform with DBS as a result of the partnership while...
  Prime Global Finance Corporation (PGFC) — one of the first private lending companies of its type in The Philippines — has recently launched its fully automated and digital loan application process for its clients. PGFC started primarily to support vendors and suppliers who were doing business with the Hortaleza Group...
HSBC Malaysia has launched the HSBC Global Wallet, Malaysia’s first multi-currency digital wallet that enables SMEs to make and receive international payments with ease and confidence from one single global account. As international borders open up and global trade rebounds, stronger participation in global markets by Malaysian SMEs will bring...
Mastercard and Atome have partnered to launch the Atome Card in the Philippines, offering Filipino consumers a new way to pay with credit by providing cardholders with an Atome line of credit that can be used to pay retailers simply by presenting their Atome Cards during check-out. Among the features...
CIMB Bank Bhd and CIMB Islamic Bank Bhd have announced their continued commitment to support and spur the recovery of the SME businesses through RM30 billion in financing by 2024. The commitment was announced at a signing ceremony to mark the collaboration between CIMB, Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP)...

Instarem, a cross border payments business, has announced that its mobile application is now available in Malaysia, enabling users to send funds effortlessly. The new app will allow instant onboarding for Malaysian Nationals and expats through local partners. Users will be able to access the app with their fingerprint and...
UOB Malaysia is collaborating with Liberty Insurance to offer an automated insurance procurement for SMEs. SME owners can now access the UOB BizCare microsite to purchase comprehensive insurance protections for their businesses. Many SMEs were impacted by the recent floods with an estimated RM600 million worth of damages to business...
Axiata Digital Labs (ADL), a subsidiary of the Axiata Group Bhd, and Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) have formed a partnership for the development of digital transformation solutions in financial technology (fintech), powered by Huawei Cloud. The collaboration will see both ADL and Huawei Malaysia joining forces to...
The Selangor State Development Corporation or Perbadanan Kemajuan Negeri Selangor (PKNS), continues to support the state’s socio-economic growth by offering attractive financing solutions for home buyers. PKNS’ latest collaboration with AFFIN BANK’s Home Step Fast/i programme will allow buyers to pay lower instalments for the first five years of ownership,...

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